What is the accumulated value after five years of payments of $20000 made at the beginning of each year if interest is 7% compounded quarterly?

Q: My dream is to have $1,000,000 so I can finally afford a down payment for a house. How much money…

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Q: An investment makes payments of $575 at the start of each year for 100 years. The rate or return of…

A: Given: Principal amount, P=$575 Number of years, t=100 Rate of interest, r=3.7% Number of times…

Q: $450 is deposited at the end of each quarter for 1.5 years at 10% interest per year compounded…

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Q: Suppose that $1000 is deposited in a savings account that pays 6% per annum, compounded quarterly.…

A: Given: Initial deposit is 1000 dollars i.e. P=1000  dollars Rate of interest per year is 6% i.e.…

Q: A borrower had loan of $5500 at 5.1% compounded semiannually, with 18 semiannual payments. Suppose…

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Q: order to accumulate enough money for a down payment on a​ house, a couple deposits $540 per month…

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Q: A person deposits $300 on the last day of each quarter into a savings account that pays 9​%…

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Q: How much will you need to invest today in an account paying 7% compounding quarterly to have $10,000…

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Q: The owner of Oak Hill Squirrel deposits $2,000 at the end of each quarter into an account paying…

A: Given: Deposit Amount: $2000 Time to pay: Each Quarter Interest: 2.5% compounded quarterly. To find:…

Q: What is the future value of $6000 earning 12% interest, compounded monthly, 6 years. Round to the…

A: Given,          P=$6000          r= 12%          n=12( compounded monthly)  And         t=6years

Q: Find the present value of 9,000 at a simple interest rate of 7% in 18 years?

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Q: Find the maturity value and amount of interest earned on a investment of $900 invested for 3 years…

A: We have direct formula for compound interest formula

Q: How much is the original loan if semi-annual payments of $100,000 are used to repay it at 5%…

A: r= 5% A = amount to be paid =$100,000 P = original amount  t= 8 years

Q: Find the compound amount, or future value, of $5900 at 3% interest compounded semiannually for 5…

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Q: A deposit of $1000 is made into an account that earns interest at an annual rate of 5%. If allowed…

A: what would be the resulting total account balance if the interestcompounded monthly?

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $421 per month…

A: Given information Amount deposited per month R=$421 Rate of interest r=3% compounded monthly…